valuation

Sold STC in Pinner HA5 3JD - £60,000


David Conway & Co are pleased to offer this well established busy restaurant located in the centre of Pinner, just half a mile to Pinner (Metropolitan Line) tube station. The lease is presently 4 years (extendable) with rental of £21,000 per annum and a premium required of £65,000 for the goodwill of the business, fixtures, fittings, cooking and catering equipment, utensils, tables and chairs etc.

LOCATION
Located in Bridge Street the centre of Pinner, just half a mile to Pinner (Metropolitan Line) tube station.

DESCRIPTION
BUSY CAFE BUSINESS FOR SALE
5 YEAR (EXTENDABLE AS ADVISED) LEASE
SHOP AREA 35'0 X 16'6 (APPROX 578 SQ FT)
10'2 X 6'6 UTILITY ROOM
8'0 X 4'0 STORE ROOM
GENTS & LADIES CLOAKROOMS
£21,000 PER ANNUM RENT
PREMIUM £73,000 FOR GOODWILL, FIXTURES EQUIPMENT & FITTINGS
SEATING CAPACITY FOR 36 PEOPLE
APPROX 500 YARDS TO TUBE

The accommodation comprises with approximate room dimensions:-

SHOP AREA 16' 6 X 35' 0 (5.03M X 10.67M)
Aluminium shop front, suspended ceiling with hot and cold air conditioning unit, heater above door, tiled floor, stainless steel splash backs, deep fat fryer, large griddle, two microwaves, two refridgerators, freezer, soup warmer, electronic till, counter bar, cooling & refridgeration units etc, tables and chairs with capacity for approximately 36 people, stainless steel sink with hot & cold water, leading to:-

LOBBY
Tiled floor, doors to utility room, store room & door to CAR PARKING outside to rear (For one car).

UTILITY ROOM 10' 2 X 6' 8 (3.10M X 2.03M)
Stainless steel double bowl sink unit with cupboards under and mixer taps, fully tiled walls, freezer, dishwasher, hot water tank.

STORE ROOM 8' 0 X 4' 0 (2.44M X 1.22M)

GENTS & LADIES CLOAKROOMS
Low level wc, wash hand basins, tiled floors.

LEASE
4 years unexpired (As advised)
We understand lease can be extended by landlord if required.


PREMIUM & BUSINESS GOODWILL
£65,000 including all fixtures, fittings, catering equipment, utensils, tables and chairs etc.

BUSINESS RATES PAYABLE
£8,000 per annum.

LANDLORDS SOLICITORS FEES
PLEASE NOTE INCOMING TENANT WILL BE RESPONSIBLE FOR LANDLORDS SOLICITORS FEES.

TERMS
£21,000 rent, £65,000 premium, Four years unexpired lease (As advised) Full repair and insuring lease. Incoming tenant will be responsible for landlords solicitors fees.

OUTGOINGS
£9,000 per annum